Economy (8)
Comprehensive coverage and expert analysis in economy. Stay informed with the latest developments, trends, and insights.
-
Gen Z hiring crisis: 911,000 jobs revised away, 4.3% unemployment
—
by
Gen Z hiring slows as BLS cuts 911,000 jobs and unemployment hits 4.3%. Powell says AI’s impact is unclear amid ghost jobs, scams, and filtering.
-
Fed rate cut: 25bp now, two more in 2025, a decisive dovish turn
—
by
Fed rate cut trims 25bp to 4.00%-4.25%, with two more projected in 2025 as job gains slow and inflation stays elevated, signaling cautious easing.
-
Judge blocks Trump; Lisa Cook’s 2038 Fed term safeguarded, temporarily
—
by
Lisa Cook wins a Sept. 9, 2025 injunction blocking Trump’s Aug. 25 removal, preserving her Fed vote and 2038 term under the for-cause rule.
-
Stunning jobs revision: U.S. payrolls cut by 911,000 positions
—
by
Jobs revision slashes U.S. payrolls by 911,000 from Mar 2024–Mar 2025, halving average gains and hitting information, wholesale and leisure sectors.
-
Tariff refunds risk up to $1T amid Supreme Court showdown
—
by
Tariff refunds could reach $750B–$1T by June 2026 as the Supreme Court weighs IEEPA tariffs; companies, not consumers, are likely to be repaid.
-
America’s Social Security value is massive: 69.8M rely, 81% at risk
—
by
Social Security value drives retirement security. With 69.8M beneficiaries and $2.72T reserves ending 2024, 81% of benefits stay payable after 2034.
-
Grim jobs slump: just 22,000 hires as Trump sacks stats chief
—
by
The jobs slump deepened as August added just 22,000 jobs and unemployment hit 4.3%. After sacking the BLS chief, Trump faces weak data and no scapegoat.
-
August layoffs soar 39% to 85,979, highest since 2020 in grim sign
—
by
August layoffs surged 39% to 85,979, the highest August since 2020. Year-to-date cuts hit 892,362 as hiring slowed and jobless claims held near 237,000.